2014-12-23 16:00:08 [Message] fib_1618 -> Chat: good day2014-12-23 16:00:12 [Message] fib_1618 -> Chat: how is everyone?2014-12-23 16:00:40 [Message] rite01 -> Chat: Great!!2014-12-23 16:01:31 [Message] fib_1618 -> Chat: 2014-12-23 16:01:54 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??2014-12-23 16:02:49 [Message] fib_1618 -> Chat: as a reminder2014-12-23 16:02:56 [Message] fib_1618 -> Chat: this will be our last chat for 20142014-12-23 16:03:24 [Message] fib_1618 -> Chat: our next get together will be on Tuesday, January 6th2014-12-23 16:03:54 [Message] fib_1618 -> Chat: I should have the January schedule up sometime this weekend2014-12-23 16:05:08 [Message] fib_1618 -> Chat: let's wait another minute and then we'll start2014-12-23 16:06:20 [Message] fib_1618 -> Chat: OK...let's get SC up and get going2014-12-23 16:06:39 [Message] fib_1618 -> Chat: the CO NYSE breadth MCO moved higher yet again today2014-12-23 16:06:54 [Message] fib_1618 -> Chat: and we have now taken out the late November highs in this effort2014-12-23 16:07:17 [Message] fib_1618 -> Chat: this would now suggest that there is enough fuel in common stocks to drive the NYA to new record highs2014-12-23 16:07:37 [Message] fib_1618 -> Chat: all we need now is for the other 60% of the exchange to agree as represented by the NYSE Composite 2014-12-23 16:08:03 [Message] fib_1618 -> Chat: as we talked about on Monday2014-12-23 16:08:25 [Message] fib_1618 -> Chat: this move above the November MCO highs has now driven the NYSE CO breadth MCSUM into its gap resistance zone2014-12-23 16:08:40 [Message] fib_1618 -> Chat: which pretty much takes any chance of a ledge formation off the table2014-12-23 16:09:05 [Message] fib_1618 -> Chat: but leaves the possibility of a fishhook still on 2014-12-23 16:09:32 [Message] fib_1618 -> Chat: any continued move to the upside from here, however, would then secure that this MCSUM has made a low at about the +200 level2014-12-23 16:09:58 [Message] fib_1618 -> Chat: and that it should go ahead and challenge the MCSUM highs at the +600 level2014-12-23 16:10:07 [Message] fib_1618 -> Chat: if this were to happen 2014-12-23 16:10:22 [Message] fib_1618 -> Chat: more than likely that challenge will come with towards the end of next week or at the beginning of next year2014-12-23 16:11:00 [Message] fib_1618 -> Chat: moving to the NYSE Composite breadth MCO2014-12-23 16:11:11 [Message] fib_1618 -> Chat: and here we did NOT move above the late November highs as yet2014-12-23 16:11:27 [Message] fib_1618 -> Chat: so this leaves things undetermined at this time2014-12-23 16:11:49 [Message] fib_1618 -> Chat: where the buyers will need to step up here by Friday2014-12-23 16:12:12 [Message] fib_1618 -> Chat: or we're likely to see some sort of pattern exhaustion take place2014-12-23 16:12:22 [Message] fib_1618 -> Chat: and with it 2014-12-23 16:12:42 [Message] fib_1618 -> Chat: we would "back up the truck" to the MCO zero line 2014-12-23 16:13:16 [Message] fib_1618 -> Chat: looking at the 21 day close up chart of the NYSE Composite breadth MCSUM2014-12-23 16:13:43 [Message] fib_1618 -> Chat: and we see that here we are still a bit away from challenging its gap resistance zone2014-12-23 16:14:04 [Message] fib_1618 -> Chat: so we can't really get too excited here until this work is accomplished2014-12-23 16:14:39 [Message] fib_1618 -> Chat: and why prices in the NYA continue to lag other market indices at this time2014-12-23 16:14:47 [Message] fib_1618 -> Chat: moving to the NASDAQ breadth MCO2014-12-23 16:15:03 [Message] fib_1618 -> Chat: and here we had another small point change today2014-12-23 16:15:27 [Message] fib_1618 -> Chat: with today's pullback taking place near the late November highs2014-12-23 16:15:59 [Message] fib_1618 -> Chat: this is also why we were only able to challenge the recent highs in the index2014-12-23 16:16:11 [Message] fib_1618 -> Chat: before falling away and closing lower2014-12-23 16:16:36 [Message] fib_1618 -> Chat: now the good news here 2014-12-23 16:16:49 [Message] fib_1618 -> Chat: is that if we look at the 21 day close up of the NASDAQ breadth MCSUM2014-12-23 16:17:03 [Message] fib_1618 -> Chat: we see that we ARE in the process of closing the MCSUM gap at this time2014-12-23 16:17:24 [Message] fib_1618 -> Chat: this would then suggest that another push by the buyers is likely to take place2014-12-23 16:17:33 [Message] fib_1618 -> Chat: and if this doesn't by Friday2014-12-23 16:18:07 [Message] fib_1618 -> Chat: then a move back to both the NASDAQ MCO and MCSUM zero lines would be in order2014-12-23 16:18:30 [Message] fib_1618 -> Chat: moving to the NDX breadth MCO2014-12-23 16:18:38 [Message] fib_1618 -> Chat: and here we also had a small point change today2014-12-23 16:18:52 [Message] fib_1618 -> Chat: and looking at the NDX breadth MCSUM2014-12-23 16:19:07 [Message] fib_1618 -> Chat: here we still have the opportunity of a fishhook in play currently2014-12-23 16:19:28 [Message] fib_1618 -> Chat: where we should see some sort of resolution by Friday of this week2014-12-23 16:19:56 [Message] fib_1618 -> Chat: new all time closing high in the SPX today2014-12-23 16:20:04 [Message] fib_1618 -> Chat: at 2082.172014-12-23 16:20:25 [Message] fib_1618 -> Chat: leaving it 168 points now from its longer term price objective of 22502014-12-23 16:20:58 [Message] fib_1618 -> Chat: and it would appear that the SPX breadth MCO did move above its late November highs today if only by an eyelash2014-12-23 16:21:08 [Message] fib_1618 -> Chat: let me look at a close up chart...one moment2014-12-23 16:21:19 [Message] oranges -> Chat: What is typically the max number of days for creation of the fishhook?2014-12-23 16:21:47 [Message] fib_1618 -> Chat: I'm going to call it a tie for now2014-12-23 16:22:04 [Message] fib_1618 -> Chat: fishhooks and ledges generally last no longer than 4 trading days2014-12-23 16:22:26 [Message] fib_1618 -> Chat: I've seen them go longer when there is a lot of indecision2014-12-23 16:22:33 [Message] fib_1618 -> Chat: maybe 7 days max?2014-12-23 16:22:40 [Message] fib_1618 -> Chat: beyond that2014-12-23 16:22:45 [Message] fib_1618 -> Chat: it's either a turn2014-12-23 16:22:57 [Message] fib_1618 -> Chat: or sideways movement for up to 2 weeks2014-12-23 16:23:49 [Message] fib_1618 -> Chat: like we saw in the Dow breadth MCSUM over the summer2014-12-23 16:24:23 [Message] fib_1618 -> Chat: back to the SPX breadth MCSUM2014-12-23 16:24:29 [Message] fib_1618 -> Chat: and putting ruler to monitor there2014-12-23 16:24:48 [Message] fib_1618 -> Chat: and we see that we are also moving within the gap resistance range at this time2014-12-23 16:25:16 [Message] fib_1618 -> Chat: so some of our not being able to burst through this area might be because of the holiday week2014-12-23 16:25:35 [Message] fib_1618 -> Chat: especially if we continue to see marked improvement in this area over the next couple of trading days2014-12-23 16:25:46 [Message] fib_1618 -> Chat: ideally under such a scenario2014-12-23 16:25:56 [Message] fib_1618 -> Chat: we should be firm for the half day on Wednesday2014-12-23 16:26:06 [Message] fib_1618 -> Chat: and then really see a push higher on the 26th2014-12-23 16:26:28 [Message] fib_1618 -> Chat: for now2014-12-23 16:26:50 [Message] fib_1618 -> Chat: our expectation would be to see the SPX breadth MCSUM move up toward the +1000 level2014-12-23 16:27:04 [Message] fib_1618 -> Chat: and given the current reading of +9152014-12-23 16:27:25 [Message] fib_1618 -> Chat: that could be done by next Monday, with an outside chance of this coming Friday2014-12-23 16:27:44 [Message] fib_1618 -> Chat: though one would think that may not be doable 2014-12-23 16:28:09 [Message] fib_1618 -> Chat: one thing that we do know though is that unless the buyers keep the pressure on and actually move above the late November highs in the SPX MCO2014-12-23 16:29:04 [Message] fib_1618 -> Chat: the price action will not be able to stay in this all time high territory for very long2014-12-23 16:29:17 [Message] fib_1618 -> Chat: especially if the OEX is lagging here...let's see2014-12-23 16:29:33 [Message] fib_1618 -> Chat: and, yes, it is lagging a bit2014-12-23 16:29:52 [Message] fib_1618 -> Chat: and why the price bar today was not able to hold in its all time high territory2014-12-23 16:30:13 [Message] fib_1618 -> Chat: it is, however, a new all time high close in the OEX2014-12-23 16:30:39 [Message] fib_1618 -> Chat: all time high close in the Dow today2014-12-23 16:30:43 [Message] fib_1618 -> Chat: with a mid range close2014-12-23 16:30:54 [Message] fib_1618 -> Chat: this would suggest a down close on Wednesday2014-12-23 16:31:31 [Message] fib_1618 -> Chat: which would kinda fit the idea of our not seeing a successful challenge of the late November highs in the breadth MCO's until after the holiday on Thursday2014-12-23 16:32:11 [Message] fib_1618 -> Chat: these straight line upside moves in the MCO's make me "nervous"2014-12-23 16:32:39 [Message] fib_1618 -> Chat: sure would like to see some back and fill here before we make a more concerted effort to trade at new all time highs2014-12-23 16:32:56 [Message] fib_1618 -> Chat: it's going to be a tricky 2 weeks2014-12-23 16:33:13 [Message] fib_1618 -> Chat: want to check something for next week...one sec2014-12-23 16:34:39 [Message] fib_1618 -> Chat: OK...jobs numbers for December come out on the 10th of January2014-12-23 16:35:26 [Message] fib_1618 -> Chat: with not a lot of important reports for next week2014-12-23 16:35:29 [Message] fib_1618 -> Chat: (yawn)2014-12-23 16:35:59 [Message] fib_1618 -> Chat: the MID closed at new all time highs today2014-12-23 16:36:18 [Message] fib_1618 -> Chat: but this wasn't confirmed by the MID breadth MCO as it failed to move above the end November highs2014-12-23 16:36:32 [Message] fib_1618 -> Chat: so either the bulls step up on Wednesday2014-12-23 16:36:45 [Message] fib_1618 -> Chat: or it's likely that we'll see a down close there as well tomorrow2014-12-23 16:37:12 [Message] fib_1618 -> Chat: the MID breadth MCSUM is now just 28 data points from the +750 level2014-12-23 16:37:39 [Message] fib_1618 -> Chat: as the MID breadth MCSUM is just now entering its gap resistance zone2014-12-23 16:37:45 [Message] fib_1618 -> Chat: I don't know...2014-12-23 16:37:56 [Message] fib_1618 -> Chat: could be that any or all tax selling might be behind us now2014-12-23 16:38:18 [Message] fib_1618 -> Chat: and that any money moving in is sure to push prices higher under its own momentum2014-12-23 16:38:40 [Message] fib_1618 -> Chat: new all time high price close in the SML as well2014-12-23 16:38:44 [Message] fib_1618 -> Chat: let me check the RUT2014-12-23 16:39:03 [Message] fib_1618 -> Chat: yep...new all time highs there as well2014-12-23 16:39:32 [Message] fib_1618 -> Chat: sorry2014-12-23 16:39:36 [Message] fib_1618 -> Chat: my mistake2014-12-23 16:39:58 [Message] fib_1618 -> Chat: we're still 10 points away from all time highs on the RUT2014-12-23 16:40:33 [Message] fib_1618 -> Chat: but confirmed on the SML2014-12-23 16:40:44 [Message] fib_1618 -> Chat: so not a bad day for the bulls2014-12-23 16:40:52 [Message] fib_1618 -> Chat: let's see how the Wilshire did2014-12-23 16:41:12 [Message] fib_1618 -> Chat: oh...and the SML breadth MCSUM is right at its declining tops line at today's close2014-12-23 16:41:42 [Message] fib_1618 -> Chat: so any move above this line would be a highly bullish event for that basket of stocks2014-12-23 16:42:01 [Message] fib_1618 -> Chat: and new all time highs in the Wilshire 50002014-12-23 16:42:23 [Message] fib_1618 -> Chat: though not confirmed by the TM breadth MCO2014-12-23 16:42:31 [Message] fib_1618 -> Chat: but it did have another small point change today2014-12-23 16:43:05 [Message] fib_1618 -> Chat: and the TM breadth MCSUM is still below its gap resistance zone2014-12-23 16:43:07 [Message] fib_1618 -> Chat: so...2014-12-23 16:43:38 [Message] fib_1618 -> Chat: primarily on the back of the momentum generated by the reversal of last week2014-12-23 16:43:54 [Message] fib_1618 -> Chat: many of the major price indices closed at new all time highs today2014-12-23 16:44:04 [Message] fib_1618 -> Chat: some of which were confirmed by their breadth MCO's2014-12-23 16:44:12 [Message] fib_1618 -> Chat: while others were not 2014-12-23 16:44:33 [Message] fib_1618 -> Chat: we will quickly need to see a more uniformed effort by the market bulls in total 2014-12-23 16:44:47 [Message] fib_1618 -> Chat: or a pull back of 2-4 days is likely to occur2014-12-23 16:45:16 [Message] fib_1618 -> Chat: and from where internal support will be built for a better attempt to succeed to new highs2014-12-23 16:45:39 [Message] fib_1618 -> Chat: new all time highs today in the XLY price chart2014-12-23 16:46:18 [Message] fib_1618 -> Chat: in spite of durable goods being down 7/10 of 1 percent 2014-12-23 16:46:25 [Message] fib_1618 -> Chat: where the market was looking for up 3%2014-12-23 16:47:02 [Message] fib_1618 -> Chat: this is one of those times where many start to question how important fundamentals are in predicting future stock market direction2014-12-23 16:47:16 [Message] fib_1618 -> Chat: and wind up either quitting or trying technical analysis 2014-12-23 16:47:43 [Message] fib_1618 -> Chat: looking at the XLY breadth MCO2014-12-23 16:47:52 [Message] fib_1618 -> Chat: and we see no confirmation of this new new high either 2014-12-23 16:47:57 [Message] fib_1618 -> Chat: so with a mid range close of its own2014-12-23 16:48:11 [Message] fib_1618 -> Chat: the odds suggest a pullback is in order 2014-12-23 16:48:43 [Message] fib_1618 -> Chat: unless last minute retirement money continues to move in here 2014-12-23 16:48:59 [Message] fib_1618 -> Chat: in any event2014-12-23 16:49:17 [Message] fib_1618 -> Chat: the next expectation here is for the XLY breadth MCSUM to move up toward the +1250 level2014-12-23 16:49:23 [Message] fib_1618 -> Chat: so we'll go with that for now2014-12-23 16:49:44 [Message] fib_1618 -> Chat: new all time closing highs as well in the XLP2014-12-23 16:49:53 [Message] fib_1618 -> Chat: and here too with no MCO breadth confirmation2014-12-23 16:50:00 [Message] fib_1618 -> Chat: rather dangerous situation if this keeps up2014-12-23 16:50:29 [Message] fib_1618 -> Chat: as this implies that a reset would be necessary to try to better internal support2014-12-23 16:51:20 [Message] fib_1618 -> Chat: the XLE is now a little over a point away from reaching its pattern gap resistance area2014-12-23 16:51:43 [Message] fib_1618 -> Chat: and unless we see the XLE breadth MCO move to higher highs from here2014-12-23 16:51:58 [Message] fib_1618 -> Chat: it's not likely that prices will be able to attempt to fill this area this time around2014-12-23 16:52:30 [Message] fib_1618 -> Chat: and that a one or two day pullback to the $79 area would be indicated over the next couple of trading days2014-12-23 16:52:59 [Message] fib_1618 -> Chat: we do note, however, that the XLE 10% Trend did break above its zero line on Friday2014-12-23 16:53:14 [Message] fib_1618 -> Chat: snapped back to it on Monday2014-12-23 16:53:21 [Message] fib_1618 -> Chat: and bounced off its zero line today2014-12-23 16:53:57 [Message] fib_1618 -> Chat: this is a promising sequence in the hopes that the pattern lows of last week were indeed a washout2014-12-23 16:55:08 [Message] fib_1618 -> Chat: so any higher high here in the XLE breadth MCO would only happen with a push in the 5% Trend back into positive territory2014-12-23 16:55:25 [Message] fib_1618 -> Chat: and that should be enough to trigger a buy signal overall2014-12-23 16:55:34 [Message] fib_1618 -> Chat: and then we should fill that pattern gap very quickly2014-12-23 16:55:57 [Message] fib_1618 -> Chat: and that's good for a 4 point move or so from current levels2014-12-23 16:56:13 [Message] fib_1618 -> Chat: so something worth watching for the next couple of days2014-12-23 16:56:41 [Message] fib_1618 -> Chat: at long last the XLF finally reached it's upside price target of $252014-12-23 16:57:18 [Message] fib_1618 -> Chat: now all we need to move to the next target would be a break above the previous tops seen in November and December in the XLF breadth MCO2014-12-23 16:57:33 [Message] fib_1618 -> Chat: where we perceptively did so today2014-12-23 16:57:53 [Message] fib_1618 -> Chat: so if we do get follow through in the next day or so2014-12-23 16:57:59 [Message] fib_1618 -> Chat: the next price target there is...2014-12-23 16:58:43 [Message] fib_1618 -> Chat: is about $302014-12-23 16:58:54 [Message] fib_1618 -> Chat: and then the all time highs at $322014-12-23 16:59:20 [Message] fib_1618 -> Chat: boy...talk about a struggle 2014-12-23 16:59:39 [Message] fib_1618 -> Chat: the longer term chart pattern in the XLF sure has had its challenges over the years2014-12-23 17:00:22 [Message] fib_1618 -> Chat: looks like a double top in the XLV2014-12-23 17:00:26 [Message] fib_1618 -> Chat: let me check the volume2014-12-23 17:00:49 [Message] fib_1618 -> Chat: yes sir!2014-12-23 17:00:53 [Message] fib_1618 -> Chat: double top in the XLV!2014-12-23 17:00:59 [Message] fib_1618 -> Chat: textbook2014-12-23 17:01:25 [Message] fib_1618 -> Chat: first attempt at support will be at the neckline at $672014-12-23 17:01:41 [Message] fib_1618 -> Chat: downside target on the break is...2014-12-23 17:01:55 [Message] fib_1618 -> Chat: we'll call it $632014-12-23 17:02:08 [Message] fib_1618 -> Chat: note also the internal confirmation of this double top structure2014-12-23 17:02:26 [Message] fib_1618 -> Chat: with the XLV breadth MCO moving to 1 year lows last week2014-12-23 17:02:39 [Message] fib_1618 -> Chat: and then failing to move above the zero line on its snapback2014-12-23 17:02:56 [Message] fib_1618 -> Chat: near term though2014-12-23 17:03:09 [Message] fib_1618 -> Chat: the XLV components remain above their zero line2014-12-23 17:03:15 [Message] fib_1618 -> Chat: so in the bigger context2014-12-23 17:03:16 [Message] fib_1618 -> Chat: so far2014-12-23 17:03:22 [Message] fib_1618 -> Chat: this would be a corrective sequence2014-12-23 17:03:48 [Message] fib_1618 -> Chat: with money probably getting a bit nervous here with the new Congress and with a new attempt to overturn ACA2014-12-23 17:04:19 [Message] fib_1618 -> Chat: so there's a bearish sector for those so inclined 2014-12-23 17:04:32 [Message] fib_1618 -> Chat: new all time highs in the XLI 2014-12-23 17:04:43 [Message] fib_1618 -> Chat: with the XLI breadth MCO continuing to move higher 2014-12-23 17:05:07 [Message] fib_1618 -> Chat: and now with a +92 reading it's deemed deeply "overbought"2014-12-23 17:05:38 [Message] fib_1618 -> Chat: we also saw some nice follow through action by the buyers today 2014-12-23 17:05:58 [Message] fib_1618 -> Chat: which pushed the XLI breadth MCSUM above the +750 level2014-12-23 17:06:39 [Message] fib_1618 -> Chat: so a challenge of the highs at +1000 is our next expectation there2014-12-23 17:07:12 [Message] fib_1618 -> Chat: after moving sharply lower last week2014-12-23 17:07:47 [Message] fib_1618 -> Chat: the XLB is now broken above the short term declining tops line that was controlling the pattern2014-12-23 17:07:55 [Message] fib_1618 -> Chat: want to check something...one moment2014-12-23 17:09:23 [Message] fib_1618 -> Chat: was looking to see if we had made a downside call on the XLB 2014-12-23 17:09:46 [Message] fib_1618 -> Chat: I seem to remember it was around the $46.50 level2014-12-23 17:09:49 [Message] fib_1618 -> Chat: but I can't find it quickly scanning the transcripts2014-12-23 17:09:53 [Message] fib_1618 -> Chat: anyway2014-12-23 17:10:23 [Message] fib_1618 -> Chat: we see that the XLB breadth MCO did move above its early December highs on this break above price resistance2014-12-23 17:10:34 [Message] fib_1618 -> Chat: so like the other charts we've been reviewing2014-12-23 17:11:06 [Message] fib_1618 -> Chat: any move above the late November MCO highs here in the XLB would also allow prices to move into new all time high territory as well2014-12-23 17:12:56 [Message] fib_1618 -> Chat: the XLK attempted to hold in new recovery high territory today2014-12-23 17:13:06 [Message] fib_1618 -> Chat: but didn't have the underlying strength to do so2014-12-23 17:13:09 [Message] fib_1618 -> Chat: BTW2014-12-23 17:13:15 [Message] fib_1618 -> Chat: I heard something interesting today2014-12-23 17:13:30 [Message] fib_1618 -> Chat: can anyone name the biggest gainer in the Dow this year?2014-12-23 17:13:45 [Message] fib_1618 -> Chat: it was...2014-12-23 17:13:47 [Message] fib_1618 -> Chat: Intel2014-12-23 17:13:51 [Message] fib_1618 -> Chat: now2014-12-23 17:14:01 [Message] fib_1618 -> Chat: can anyone name the biggest loser?2014-12-23 17:14:09 [Message] oranges -> Chat: COP ?2014-12-23 17:14:11 [Message] fib_1618 -> Chat: and, no, it's not an oil stock2014-12-23 17:14:14 [Message] oranges -> Chat: wait2014-12-23 17:14:27 [Message] oranges -> Chat: probably IBM2014-12-23 17:14:30 [Message] fib_1618 -> Chat: yep2014-12-23 17:14:33 [Message] fib_1618 -> Chat: gold star2014-12-23 17:14:43 [Message] fib_1618 -> Chat: the largest weighting in the Dow2014-12-23 17:14:45 [Message] fib_1618 -> Chat: well2014-12-23 17:14:51 [Message] fib_1618 -> Chat: maybe Visa is these days2014-12-23 17:14:54 [Message] fib_1618 -> Chat: but still2014-12-23 17:15:02 [Message] fib_1618 -> Chat: new all time highs in the Dow without "big blue"?2014-12-23 17:15:06 [Message] fib_1618 -> Chat: heresy!2014-12-23 17:15:12 [Message] fib_1618 -> Chat: 2014-12-23 17:15:20 [Message] fib_1618 -> Chat: thought it was interesting though2014-12-23 17:15:21 [Message] fib_1618 -> Chat: back to work2014-12-23 17:15:55 [Message] fib_1618 -> Chat: so the XLK still needs some additional help by the buyers to keep prices from retracing here2014-12-23 17:16:13 [Message] fib_1618 -> Chat: another sector to watch as far as clues go2014-12-23 17:16:27 [Message] fib_1618 -> Chat: and new all time high close in the XLU2014-12-23 17:16:50 [Message] fib_1618 -> Chat: though not being confirmed by either the XLU breadth MCO or MCSUM2014-12-23 17:16:53 [Message] fib_1618 -> Chat: so...2014-12-23 17:17:33 [Message] fib_1618 -> Chat: the market seems to need a bit of a pull back here as several sectors have moved back into new all time high territory2014-12-23 17:17:46 [Message] rite01 -> Chat: YTD +28%2014-12-23 17:17:53 [Message] fib_1618 -> Chat: but are generally in need for some underlying stability to stay there2014-12-23 17:18:22 [Message] fib_1618 -> Chat: sort of like not having the ladder firmly on the ground and we're at the top of the rungs2014-12-23 17:18:29 [Message] fib_1618 -> Chat: +28% on which stock?2014-12-23 17:18:43 [Message] rite01 -> Chat: XLU itself2014-12-23 17:18:54 [Message] fib_1618 -> Chat: oh...2014-12-23 17:19:01 [Message] fib_1618 -> Chat: not a bad year at all2014-12-23 17:19:20 [Message] rite01 -> Chat: wide ride though2014-12-23 17:19:52 [Message] fib_1618 -> Chat: that would be fun...let's check to see how the sectors did this year2014-12-23 17:20:08 [Message] fib_1618 -> Chat: XLY up 9%2014-12-23 17:20:31 [Message] fib_1618 -> Chat: XLP up 18%2014-12-23 17:20:47 [Message] fib_1618 -> Chat: XLE down 7%2014-12-23 17:21:00 [Message] fib_1618 -> Chat: XLF up 16%2014-12-23 17:21:12 [Message] fib_1618 -> Chat: XLV up 25%2014-12-23 17:21:31 [Message] fib_1618 -> Chat: XLI up 12%2014-12-23 17:21:46 [Message] fib_1618 -> Chat: XLB up 9%2014-12-23 17:22:02 [Message] fib_1618 -> Chat: XLK up 20%2014-12-23 17:22:06 [Message] fib_1618 -> Chat: and XLU up 28%2014-12-23 17:22:20 [Message] fib_1618 -> Chat: not a bad year if you bought and held2014-12-23 17:22:36 [Message] fib_1618 -> Chat: INDU up 9%2014-12-23 17:22:59 [Message] fib_1618 -> Chat: COMPQ up 14%2014-12-23 17:23:10 [Message] fib_1618 -> Chat: MID up 9%2014-12-23 17:23:21 [Message] fib_1618 -> Chat: SML up 4%2014-12-23 17:23:31 [Message] fib_1618 -> Chat: certainly not anywhere like last year's gains2014-12-23 17:23:38 [Message] fib_1618 -> Chat: shows how special it was2014-12-23 17:24:04 [Message] fib_1618 -> Chat: REITS's up 28%2014-12-23 17:24:28 [Message] fib_1618 -> Chat: Gold down 2%2014-12-23 17:24:47 [Message] fib_1618 -> Chat: interesting when you take a step back and take inventory2014-12-23 17:25:23 [Message] fib_1618 -> Chat: not much of a change in the CVI's tonight2014-12-23 17:25:36 [Message] fib_1618 -> Chat: the STVO's, however, are now "overbought"2014-12-23 17:26:04 [Message] fib_1618 -> Chat: NYSE TRIN at .742014-12-23 17:26:22 [Message] fib_1618 -> Chat: some short covering there on the GDP number one would assume2014-12-23 17:26:29 [Message] fib_1618 -> Chat: that was some number, huh?2014-12-23 17:27:05 [Message] fib_1618 -> Chat: and gives a perfect example of why one should always follow money and to look for the answers "why?" later on 2014-12-23 17:27:25 [Message] fib_1618 -> Chat: NYSE Open 10 at .942014-12-23 17:27:39 [Message] fib_1618 -> Chat: NASDAQ TRIN at 1.322014-12-23 17:27:50 [Message] fib_1618 -> Chat: Open 10 at .922014-12-23 17:28:07 [Message] fib_1618 -> Chat: TM TRIN at 1.232014-12-23 17:28:18 [Message] fib_1618 -> Chat: Open 10 at .932014-12-23 17:28:40 [Message] fib_1618 -> Chat: so the market seems to want to take a breather here2014-12-23 17:28:58 [Message] fib_1618 -> Chat: so unless we see the bulls belly up by Friday2014-12-23 17:29:23 [Message] fib_1618 -> Chat: we're likely to see some backing and filling take place into next week2014-12-23 17:29:40 [Message] fib_1618 -> Chat: volatility should remain higher than average during this time2014-12-23 17:30:23 [Message] fib_1618 -> Chat: but it would seem that we're not going to do very much after it's all said and done between today and the New Year's holiday2014-12-23 17:30:41 [Message] fib_1618 -> Chat: let me check the BETS2014-12-23 17:31:38 [Message] fib_1618 -> Chat: -202014-12-23 17:31:40 [Message] fib_1618 -> Chat: cash2014-12-23 17:31:55 [Message] fib_1618 -> Chat: which makes sense as go into the holidays2014-12-23 17:32:02 [Message] fib_1618 -> Chat: anything else?2014-12-23 17:32:10 [Message] rite01 -> Chat: Since I've been here estimate your calls long and short have been at least 80% correct maybe be more. 2014-12-23 17:32:34 [Message] fib_1618 -> Chat: I'm sure that will change 2014-12-23 17:33:14 [Message] rite01 -> Chat: I don't know about that but you seem to be on top of it 2014-12-23 17:33:23 [Message] fib_1618 -> Chat: well...2014-12-23 17:33:35 [Message] fib_1618 -> Chat: the advantage that we have is that we let money to the talking2014-12-23 17:33:48 [Message] fib_1618 -> Chat: and not to rely on polls or pundits2014-12-23 17:34:06 [Message] fib_1618 -> Chat: the key is discipline, patience and hard work2014-12-23 17:34:35 [Message] fib_1618 -> Chat: but we do miss at times2014-12-23 17:34:53 [Message] fib_1618 -> Chat: but that's usually because of something outside the realm of analysis2014-12-23 17:35:34 [Message] oranges -> Chat: I can't remember the last time I watch CNBC2014-12-23 17:35:35 [Message] rite01 -> Chat: It's the longer term that really counts. that's all from me this year. 2014-12-23 17:36:00 [Message] fib_1618 -> Chat: the beauty of what we do here2014-12-23 17:36:01 [Message] fib_1618 -> Chat: is that 2014-12-23 17:36:18 [Message] fib_1618 -> Chat: no matter what time parameter that fits your trading objectives2014-12-23 17:37:03 [Message] fib_1618 -> Chat: knowing which direction money is flowing, and the speed in which it's moving, does have its distinct advantages2014-12-23 17:37:15 [Message] fib_1618 -> Chat: the best part is2014-12-23 17:37:21 [Message] fib_1618 -> Chat: you don't have to guess2014-12-23 17:37:26 [Message] fib_1618 -> Chat: you just "go with the flow"2014-12-23 17:37:40 [Message] rite01 -> Chat: Right2014-12-23 17:38:03 [Message] fib_1618 -> Chat: anyway...I would like to take a moment to thank everyone for their participation in these chats2014-12-23 17:38:17 [Message] fib_1618 -> Chat: and I do hope that you've made some profits because of it2014-12-23 17:38:40 [Message] unc1998 -> Chat: Thank you Dave for everything2014-12-23 17:38:42 [Message] fib_1618 -> Chat: and with that I'm going to take off for the rest of the year 2014-12-23 17:38:42 [Message] hawk5734 -> Chat: Thank you Fib....Happy holidays to all.2014-12-23 17:38:52 [Message] hawk5734 -> Chat: See you next year!2014-12-23 17:38:55 [Message] fib_1618 -> Chat: everyone have a safe and sane holiday season2014-12-23 17:39:04 [Message] fib_1618 -> Chat: and we'll try to do even better next year!2014-12-23 17:39:07 [Message] fib_1618 -> Chat: good night2014-12-23 17:39:12 [Message] oranges -> Chat: Merry Christmas!2014-12-23 17:39:24 [Message] unc1998 -> Chat: goodnight all....Merry Christmas!2014-12-23 17:39:27 [Message] rite01 -> Chat: Thanks Fib and all have a Merry Christmas and a Happy New Year__________________Dave's LinkedIn Profile

"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan

"What we see depends mainly on what we look for" - John Lubbock

"The eye sees only what the mind is ready to comprehend" - Henri Bergson

“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977

"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977

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